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What should investors do with Bajaj Auto post Q2 numbers: Buy, sell or hold?

Revenue from operations declined 7.2 percent year-on-year to Rs 7,156 crore in Q2 FY21.

October 23, 2020 / 02:10 PM IST

The two-and-three-wheeler maker, Bajaj Auto share price rose in early trade on October 23 a day after the company reported its Q2 earnings.

The company has reported an 18.8 percent year-on-year decline in September quarter standalone profit to Rs 1,138.2 crore, missing a CNBC-TV18 poll estimates which of Rs 1,212 crore.

Revenue from operations declined 7.2 percent year-on-year to Rs 7,156 crore in Q2 FY21 with sales volume declining 10.2 percent YoY to 10.53 lakh units and realisation rising 3.4 percent YoY.

Also Read - Bajaj Auto Q2 profit falls 19% to Rs 1,138 crore, but sees strong turnaround in domestic 2Ws